Real Estate News

Sept. 11, 2017

REAL ESTATE AND MORTGAGE RATES - LAST WEEK IN REVIEW AND FORECAST FOR THIS WEEK

While home prices continued to rise, it was headline news that boiled Bond prices.

Home prices continued to heat up in July, and the heat wave is expected to last. CoreLogic, a leading provider of data and analytics, reported that home prices, including distressed sales, rose 6.7 percent from ...

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Posted in Real Estate News
Sept. 5, 2017

REAL ESTATE AND MORTGAGE RATES - LAST WEEK IN REVIEW AND FORECAST FOR THIS WEEK

INFO THAT HITS US WHERE WE LIVE... Our thoughts remain with the people of Texas recovering from Hurricane Harvey's dramatic devastation and tragic loss of life. Their acts of heroism have touched us all. Damage is estimated to be at least $35 billion, with much of it outside the ...

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Posted in Real Estate News
Aug. 21, 2017

REAL ESTATE AND MORTGAGE RATES - LAST WEEK IN REVIEW AND FORECAST FOR THIS WEEK

Consumers had no problem ringing up sales in July (and June, it turns out!), while new construction ground down.

July Retail Sales rose 0.6 percent from June versus the 0.3 percent expected, while June was revised higher to 0.3 percent from -0.2 percent. It was the ...

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Posted in Real Estate News
Aug. 7, 2017

REAL ESTATE - LAST WEEK IN REVIEW AND FORECAST FOR THIS WEEK

With unemployment at a 16-year low, it's safe to say there are a lot of people putting in an honest day's work, and job growth continues.

Employers added 209,000 new jobs in July, the Bureau of Labor Statistics reported, well above expectations. Revisions to May and June ...

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Posted in Real Estate News
July 24, 2017

REAL ESTATE AND MORTGAGE RATES - LAST WEEK IN REVIEW AND FORECAST FOR THIS WEEK

After three straight monthly declines, Housing Starts jumped in June. Building Permits did too.

Housing Starts surged 8.3 percent from May to an annual rate of 1.215 million units, the Commerce Department reported. This is the highest level since February. Single-family starts, which represent the largest share of ...

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Posted in Real Estate News
July 10, 2017

REAL ESTATE AND MORTGAGE RATES - LAST WEEK IN REVIEW AND FORECAST FOR THIS WEEK

More Americans were headed to work, but take-home pay stayed about the same.

Employers added 222,000 new jobs in June, well above expectations, the Labor Department reported. April was revised up from 174,000 to 207,000, and May was revised up from 138,000 to 152,000 jobs ...

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Posted in Real Estate News
July 3, 2017

REAL ESTATE AND MORTGAGE RATES - LAST WEEK IN REVIEW AND FORECAST FOR THIS WEEK

Families may find themselves living on love as they invest more on increasing home prices.

The S&P/Case-Shiller 20-City Home Price Index saw another gain of 5.7 percent from April 2016 to April 2017. Price increases are due in part to limited supply of housing in many areas across ...

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Posted in Real Estate News
June 19, 2017

REAL ESTATE AND MORTGAGE RATES - LAST WEEK IN REVIEW AND FORECAST FOR THIS WEEK

Despite gains in April, consumers slowed down their purchases in May.

Retail Sales in May saw the biggest decline since January 2016, the Commerce Department reported. Retail Sales were down 0.3 percent from April, in contrast to the 0.1 percent increase expected. Sales for motor vehicles and discretionary ...

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Posted in Real Estate News
June 12, 2017

REAL ESTATE AND MORTGAGE RATES - LAST WEEK IN REVIEW AND FORECAST FOR THIS WEEK

Despite big headline events at home and abroad this week, Stock and Bond markets were relatively quiet.

Former FBI Director James Comey testified before the Senate Intelligence Committee. And residents of the United Kingdom went to the polls in a snap general election as the U.K. unravels its relationship ...

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Posted in Real Estate News
June 5, 2017

REAL ESTATE AND MORTGAGE RATES - LAST WEEK IN REVIEW AND FORECAST FOR THIS WEEK

Many more people found jobs in May, although job growth came in below expectations. Unemployment hit a 16-year low.

The Labor Department reported that job growth rose by 138,000 in May, below the 185,000 expected. March and April numbers were revised lower by 66,000. On a more ...

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Posted in Real Estate News